Jacobs Levy Equity Management Inc. Acquires Shares of 10,134 Affirm Holdings, Inc. (NASDAQ:AFRM)

Jacobs Levy Equity Management Inc. purchased a new position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,134 shares of the company's stock, valued at approximately $414,000.

Other large investors have also modified their holdings of the company. Dragoneer Investment Group LLC acquired a new stake in shares of Affirm during the second quarter worth about $45,219,000. Artemis Investment Management LLP acquired a new position in Affirm during the third quarter valued at $30,808,000. Holocene Advisors LP purchased a new stake in Affirm in the third quarter valued at $27,872,000. Charles Schwab Investment Management Inc. grew its position in Affirm by 44.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company's stock worth $89,935,000 after purchasing an additional 672,883 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Affirm by 269.7% during the 3rd quarter. Bank of Montreal Can now owns 724,336 shares of the company's stock valued at $29,814,000 after buying an additional 528,400 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Needham & Company LLC reissued a "hold" rating on shares of Affirm in a report on Friday, September 6th. BTIG Research raised Affirm from a "neutral" rating to a "buy" rating and set a $68.00 price target for the company in a report on Tuesday, October 8th. Morgan Stanley upgraded Affirm from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $22.00 to $37.00 in a research report on Wednesday, October 9th. Bank of America lifted their price target on shares of Affirm from $50.00 to $74.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Affirm from $56.00 to $74.00 and gave the stock an "overweight" rating in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $55.33.

Affirm Trading Down 2.3 %

NASDAQ:AFRM traded down $1.57 on Tuesday, hitting $67.25. The stock had a trading volume of 3,118,159 shares, compared to its average volume of 9,020,085. The company has a fifty day moving average price of $52.57 and a two-hundred day moving average price of $39.63. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $72.82. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The stock has a market cap of $21.12 billion, a price-to-earnings ratio of -48.46 and a beta of 3.66.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating analysts' consensus estimates of ($0.36) by $0.05. The company had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same quarter in the previous year, the business earned ($0.57) earnings per share. Equities research analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Christa S. Quarles sold 14,400 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the sale, the director now directly owns 141,903 shares of the company's stock, valued at $5,678,958.06. This represents a 9.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert O'hare sold 100,938 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $55.00, for a total value of $5,551,590.00. The disclosure for this sale can be found here. Insiders sold a total of 985,065 shares of company stock valued at $60,544,069 over the last 90 days. 12.41% of the stock is owned by company insiders.

Affirm Company Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.